Elasticity of demand is calculated by dividing the change in quantity by the change in the price of a good.

Are there any types of market failure that result in the underproduction of a good? Explain

One In the News article titled "Everything Is on Sale and That's Not Good" suggests that deflation

A. Harms economic growth due to lower profits, more layoffs, and less spending that create a self-reinforcing cycle. B. Harms the economy because bankruptcies decrease. C. Results in higher interest rates that further slow the economy. D. Harms sellers only, but not buyers since they get better deals without worries of job losses.